MANAGEMENT Rosa Rios Valdez, CEO Novemb mber 6, 2018 18 - PowerPoint PPT Presentation

REVOLVING LOAN FUND MANAGEMENT Rosa Rios Valdez, CEO Novemb mber 6, 2018 18

ABOUT BCL OF TEXAS 199 990 BCL become a statewide nonprofit business & community lender 28 28 Years of Building Strong Communities 6,000 000+ Jobs created $14 148M Annual payroll impact Certified Development Corporation (CDC) licensed by the US small business administration (SBA) since 1990 Certified Development Financial Institution (CDFI) U.S. Treasury 2000, Statewide 2016 Texas Licensed Mortgage and Consumer Lender (November 2014) Most product diverse minority led CDFI in Texas (Self-Certified April 2018) Non-profit economic development organization committed to improving the lives of Texans Full cycle lender providing TA for the life of the loan Intermediary and Partner to banks & other lenders

BCL Loan Products Build d Commun muni Consum um Stron ong g Mortga gag Busines ness ty er er Communiti ti e Facili ilities ties es es A leader in lending, the Mission of BCL of Texas is to Build Strong Communities

CAPITAL SOURCES

DEPLOY MENT 2014-2018 $6 $62. 2.1 1 Million deployed $608 $608 Million Mortgages 14,320 loan customers in 5 years 35,800 individuals impacted

INNOVATIVE LOAN PRODUCTS  Divers ersit ity y Fund nd (for People of Color, LGBT, Veterans) $2,200,000  Mor ortg tgage age Dow own Payment ment Assista tanc nce (Forgivable loans) $8,000,000  Smal all l Busines iness Disaster er Recovery covery (Zero%, 60 mos) $1,000,000  Creatives atives (music, artist, theatre, non-profits) $ 200,000  Affordab able le Ho Housing ing Pre-Develo Development pment (multi/single fam) $ 800,000 i le lend nd yo you so mu u so much ch

FULL CYCLE LENDING IS TRANSFORMATI ONAL WHY important – ensures “borrower ready”, loan repayment and asset Customer receives building VALUE and BCL receives FEE INCOME

Meet our Loan customers

LOAN FUND MANAGEMENT  Onboarding – Ventures Software  Loan Servicing  Industry Concentrations  UCC renewals  Loan Portfolio Reports – Payment  Recording Deeds of Trust History  Escrow Payments  Quarterly Risk Rating  Verification current property  Non Accruals ≥90 days ≥120 days insurance  Verification paid property taxes  Impaired Loans  Site inspections  Loan Modifications  Business Financial Analysis  Legal Action - Judgements  Independent Portfolio Review  Liquidation

STAFFING SUPPORT 16 Certified & Trained Professionals Credit Building/TA Counselors (3) Portfolio Homebuyer Management & Educators Loan Servicing (3) (4) Loan Originations/ Loan Funding's Underwriters (2) (4)

PROFESSIONAL CERTIFICATIONS  Economic Development Finance Professional (EDFP) National Development Council  Housing Development Finance Professional (HDFP) National Development Council  Commercial & Residential Appraisal Reviews Independent Bankers of Texas  Mortgage Underwriting National Mortgage Banks; Fannie Mae, HUD, USDA  Loan Risk Rating National Assoc. Development Companies  Loan Liquidations National Assoc. Development Companies  Financial Capability & Asset Building NeighborWorks America  Entrepreneurship Association of Accredited Small Business Consultants  Homebuyer Education NeighborWorks America & HUD  Business Finance 4 staff with Business Finance Degrees  Leadership OFN Fellow, NALCAB Fellow, GAHCC Fellow  Executive Management Harvard University  Power Pipeline Leadership Texas

A trusted partner, BCL has been An industry leader with the customer improving lives and in lending and creating and resources building communities opportunity in communities that make a for 28 years. WHAT CUSTOMERS difference. AND PARTNERS SAY

CONTACT US  Web: bcloftexas.org  Call us: (888) 718-0180  Email: rriosval@bcloftexas.org